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FULLER H B CO（FUL）与Globe Life（GL）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是FULLER H B CO的1.7倍（$1.5B vs $892.0M），Globe Life净利率更高（17.5% vs 7.5%，领先10.0%），Globe Life同比增速更快（3.6% vs -2.8%），Globe Life自由现金流更多（$330.1M vs $68.9M），过去两年FULLER H B CO的营收复合增速更高（5.0% vs 3.6%）
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
FUL vs GL — 直观对比
营收规模更大
GL
是对方的1.7倍
$892.0M
营收增速更快
GL
高出6.5%
-2.8%
净利率更高
GL
高出10.0%
7.5%
自由现金流更多
GL
多$261.2M
$68.9M
两年增速更快
FUL
近两年复合增速
3.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $1.5B |
| 净利润 | $67.2M | $266.1M |
| 毛利率 | 32.0% | — |
| 营业利润率 | 12.3% | 21.7% |
| 净利率 | 7.5% | 17.5% |
| 营收同比 | -2.8% | 3.6% |
| 净利润同比 | 21.3% | 4.3% |
| 每股收益（稀释后） | $1.22 | $3.28 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FULGL
| Q4 25 | — | $1.5B | ||
| Q3 25 | $892.0M | $1.5B | ||
| Q2 25 | $898.1M | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $917.9M | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $810.4M | $1.4B |
净利润FULGL
| Q4 25 | — | $266.1M | ||
| Q3 25 | $67.2M | $387.8M | ||
| Q2 25 | $41.8M | $252.7M | ||
| Q1 25 | — | $254.6M | ||
| Q4 24 | — | $255.2M | ||
| Q3 24 | $55.4M | $303.0M | ||
| Q2 24 | — | $258.4M | ||
| Q1 24 | $31.0M | $254.2M |
毛利率FULGL
| Q4 25 | — | — | ||
| Q3 25 | 32.0% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 30.0% | 26.1% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | 29.5% | 23.1% |
营业利润率FULGL
| Q4 25 | — | 21.7% | ||
| Q3 25 | 12.3% | 31.5% | ||
| Q2 25 | 11.1% | 21.2% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | 11.4% | 26.3% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | 8.3% | 23.1% |
净利率FULGL
| Q4 25 | — | 17.5% | ||
| Q3 25 | 7.5% | 25.6% | ||
| Q2 25 | 4.7% | 17.1% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | 6.0% | 20.8% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | 3.8% | 18.0% |
每股收益（稀释后）FULGL
| Q4 25 | — | $3.28 | ||
| Q3 25 | $1.22 | $4.73 | ||
| Q2 25 | $0.76 | $3.05 | ||
| Q1 25 | — | $3.01 | ||
| Q4 24 | — | $3.00 | ||
| Q3 24 | $0.98 | $3.44 | ||
| Q2 24 | — | $2.83 | ||
| Q1 24 | $0.55 | $2.67 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $122.5M | $314.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $6.0B |
| 总资产 | $5.2B | $30.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FULGL
| Q4 25 | — | $314.7M | ||
| Q3 25 | $122.5M | $62.8M | ||
| Q2 25 | $96.8M | $116.7M | ||
| Q1 25 | — | $134.1M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | $131.4M | $100.5M | ||
| Q2 24 | — | $100.6M | ||
| Q1 24 | $165.2M | $58.4M |
股东权益FULGL
| Q4 25 | — | $6.0B | ||
| Q3 25 | $2.0B | $5.7B | ||
| Q2 25 | $1.9B | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | $1.8B | $4.6B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | $1.8B | $5.0B |
总资产FULGL
| Q4 25 | — | $30.8B | ||
| Q3 25 | $5.2B | $30.5B | ||
| Q2 25 | $5.1B | $29.8B | ||
| Q1 25 | — | $29.7B | ||
| Q4 24 | — | $29.1B | ||
| Q3 24 | $5.0B | $29.6B | ||
| Q2 24 | — | $28.3B | ||
| Q1 24 | $4.7B | $28.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $99.0M | $350.6M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $330.1M |
| 自由现金流率自由现金流/营收 | 7.7% | 21.7% |
| 资本支出强度资本支出/营收 | 3.4% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.47× | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流FULGL
| Q4 25 | — | $350.6M | ||
| Q3 25 | $99.0M | $306.0M | ||
| Q2 25 | — | $307.9M | ||
| Q1 25 | — | $431.9M | ||
| Q4 24 | — | $336.9M | ||
| Q3 24 | $169.4M | $340.6M | ||
| Q2 24 | — | $374.1M | ||
| Q1 24 | $47.4M | $350.8M |
自由现金流FULGL
| Q4 25 | — | $330.1M | ||
| Q3 25 | $68.9M | $208.7M | ||
| Q2 25 | — | $295.0M | ||
| Q1 25 | — | $420.1M | ||
| Q4 24 | — | $321.9M | ||
| Q3 24 | $99.9M | $311.3M | ||
| Q2 24 | — | $356.5M | ||
| Q1 24 | $4.1M | $341.7M |
自由现金流率FULGL
| Q4 25 | — | 21.7% | ||
| Q3 25 | 7.7% | 13.8% | ||
| Q2 25 | — | 19.9% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | 10.9% | 21.4% | ||
| Q2 24 | — | 24.8% | ||
| Q1 24 | 0.5% | 24.1% |
资本支出强度FULGL
| Q4 25 | — | 1.3% | ||
| Q3 25 | 3.4% | 6.4% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 7.6% | 2.0% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | 5.3% | 0.6% |
现金转化率FULGL
| Q4 25 | — | 1.32× | ||
| Q3 25 | 1.47× | 0.79× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | 3.06× | 1.12× | ||
| Q2 24 | — | 1.45× | ||
| Q1 24 | 1.53× | 1.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
GL
| Life Segment | $849.6M | 56% |
| Health Segment | $392.3M | 26% |
| Investment Segment | $281.4M | 19% |
